Especially, loans with small dollar amounts which I expect this one would have.However, if the LLC is an established one that can show financials it makes obtaining financing slightly easier.

I have long wondered on this because a company is an entity itself if established correctly, and in such sales between separate entities is just that.

Someone who has openly taken charge of abandoned land for an extended period of time — using a driveway on a neighbor's property, for example — could try to claim that land later, he said.But it takes a long time to establish those rights, typically 10 years in Texas.

I'm trying to figure out how HUD establishes a minimum bid and what strategies investors/buyers employ to win some of these auctions?

I’ve been told by bank of America and a acquaintance who is a mortgage broker that 2 years history since LLC establishment is required.

The way I got started was establish a checking account in the LLC, deposit more cash than you withdraw, request portfolio loans, treat the organization with respect and keep to your word and then request the business line.

These would be harder to get, and expect to pay more in interest -- which is not tax deductible.Unless you are a large, well-established company, business lines of credit will probably require a personal guarantee by the owner.

Personally I like to use my own money and establish a track record first.

You would have to determine where the NODs and Lis Pendens are in your state.Eventually, you will get established and have developed your reputation of performing on your offers and then some 'real deals' will be referred to you.

To re-establish the official path of ownership.